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Tarena International ( (TCTM) ) has provided an update.
TCTM Kids IT Education Inc. has received a notification from Nasdaq indicating that its American depositary shares have been below the minimum bid price requirement of $1.00 for the last 30 consecutive business days. This notification has no immediate impact on the listing or trading of TCTM’s shares. The company has 180 days to regain compliance by raising its share price, with the possibility of an additional compliance period if needed. TCTM is committed to resolving this issue within the allotted time frame to maintain its Nasdaq listing.
More about Tarena International
TCTM Kids IT Education Inc. is a leading provider of IT-focused supplementary STEM education services in China. The company offers innovative programs through a combination of live distance instruction, classroom-based tutoring, and online learning modules, targeting students aged three to eighteen. Its courses include computer coding and robotics programming, aiming to develop children’s logical thinking and learning abilities.
YTD Price Performance: 4.37%
Average Trading Volume: 40,926
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.93M
Learn more about TCTM stock on TipRanks’ Stock Analysis page.
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